Crown Group invests Rs2bn in electric vehicles plant - News Summed Up

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Crown Group invests Rs2bn in electric vehicles plant


KARACHI: Crown Group has recently organized a market testing and sales display of its exclusive range of CROWN Electric Vehicles which includes two, three and four-wheelers, which will enable users to drive 1km in just Rs1.25. The electric vehicles will be locally manufactured at the group’s newly-built 26-acre Port Qasim facility. Having an initial production capacity of 120,000 units per annum, the group has already invested Ts 2 billion on the plant in the first phase. Speaking on the occasion, Crown Group Chairman Farhan Hanif stated, “It is an honour for us to unveil the exclusive range of CROWN vehicles. With this range of Electronic vehicles, we plan to overcome those challenges and present the industry with a variety of innovative, convenient and affordable vehicles for their everyday use”.


Source: Pakistan Today February 21, 2020 18:11 UTC



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